Corn Futures Little Changed

March Corn is trading at 366 1/4 , up 3/4 of a cent/bushel.

May Corn is trading at 373, up 1/2 of a cent/bushel.

The USDA weekly export sales report for corn is due out at 8:30 a.m. ET.

The USDA estimate for corn acreage is 90.0 million acres.

The Buenos Aires Grains Exchange corn production estimate is now 37.0 million tonnes. Argentina's government increased corn planted area to 7.3 million hectares versus 7.25 million hectares on the their previous estimate.

Street estimates for Brazil's corn production are near 93.0 million tonnes, up 32 percent versus a year ago.

U.S. Corn used for ethanol production last week totaled 108.57 million bushels, corn used for this crop year is now at 2.6 billion bushels.